The accountant for Campbells Dress Shop prepared the following cash budget. Campbells desires to maintain a cash balance of $18,000 at the end of each month. Funds are assumed to be borrowed and repaid on the last day of each month. Interest is charged at the rate of 3 percent per month.

Required

Complete the cash budget by filling in the missing amounts.

Determine the amount of net cash flows from operating activities Campbells will report on the third quarter pro forma statement of cash flows.

Determine the amount of net cash flows from financing activities Campbells will report on the third quarter pro forma statement of cash flows.

Complete the cash budget by filling in the missing amounts. Note: Any shortages or repayments should be indicated with a minus sign. Round your answers to the nearest whole dollar amount.

Cash Budget	July	August	September
Section 1: Cash receipts
Beginning cash balance	$44,500
Add cash receipts	184,000	204,000	244,600
Total cash available	228,500
Section 2: Cash payments
For inventory purchases	167,526	142,230	176,152
For S&A expenses	56,500	62,560	63,432
For interest expense	0
Total budgeted disbursements	224,026
Section 3: Financing activities
Surplus (shortage)	4,474
Borrowing (repayments)	13,526
Ending cash balance	$18,000	$18,000	$18,000

Determine the amount of net cash flows from both operating and financing activities Campbell's will report on the third quarter pro forma statement of cash flows. Note: Round intermediate calculations and final answers to the nearest whole dollar amount.

Net cash (operating activities)
Net cash (financing activities)